News
Insurance Fraud Awards 2017 shortlist now available
Aviva, Allianz and Zurich are among the firms leading the way in terms of the shortlist for the Insurance Fraud Awards 2017.
Aviva sells Friends Provident International for £340m
Following a strategic review UK-headquartered insurer Aviva is selling the international arm of Friends Provident to International Financial Group subsidiary RL360 Holding Co.
Justice departs as IAG creates single Australia division
The CEO of Australian insurer's IAG consumer division Anthony Justice has decided to leave the company after six years following the creation of a single Australia division for the firm.
Hong Kong regulator examines protection fund
Hong Kong's new regulator the Insurance Authority is working on a protection fund in the event of a collapse of an insurer in the Special Administrative Region.
Fraud category for Claims Awards Asia-Pacific 2017
Entries are open for this year's Claims Awards Asia-Pacific.
Cupitt promoted at McLarens
Global loss adjuster McLarens has promoted Australia marine manager John Cupitt to head of the company's global marine division.
Aegis' John Chase joins Schillings as partner
Reputation and privacy firm Schillings has named the former head of crisis response at Aegis, John Chase as partner.
Firms that have made Brexit contingency plans may face difficulties, FCA says
The Financial Conduct Authority said Brexit contingency plans of some companies could cause them "difficulties" in future.
PIB acquisition spree continues with Franklands Insurance capture
PIB has acquired Derby and Burton on Trent-based Franklands Insurance and Risk Management.
Motor premiums see biggest spike ever following Ogden
Motor premiums have seen the biggest rise “ever recorded” owing to the government’s decision to raise Insurance Premium Tax and cut the discount rate.
ICICI Lombard files for IPO
Indian general insurer ICICI Lombard has filed a draft prospectus for an IPO for 19% of its shares.
Covered agreement given the go ahead from Trump administration
The Trump administration has announced that it will honour the covered agreement, which aims to create uniform rules dealing with insurance and reinsurance transactions between the United States and European Union.
Constructaquote sees 34% profit increase in 2016
Broker Constructaquote reported a 34% profit increase of £663k in 2016.
Nexus acquires Equinox Global
Managing general agent Nexus Group has acquired Equinox Global, a registered and approved Lloyd’s Coverholder, and all other Equinox group companies.
Extreme cyber attack could cost as much as Superstorm Sandy, says Lloyd’s
A major global cyber attack could trigger $53bn of economic losses, the equivalent 2012’s Superstorm Sandy, according to a report from Lloyd’s.
Lloyd’s Secrett joins Tokio Millennium Re
Tokio Millennium Re has named Lloyd's interim head of underwriting performance Brian Secrett as chief underwriting officer.
Axis receives regulatory nod for managing agency
Axis Capital Holdings has received final approval from the UK’s regulators and Lloyd’s to launch its own Lloyd’s managing agent.
Obituary: Ian Posgate, the ‘Goldfinger’ of Lloyd’s
He was nicknamed Goldfinger and was a controversial figure, both admired and reviled for the huge influence he wielded over Lloyd’s in the 70s and 80s.
Week in Post: Brexit, redundancies and consolidation
This week we saw the ‘Great Repeal Bill’ being introduced to Parliament, a key waystone on the long and arduous journey to leaving the European Union.
Co-op Insurance weighing up FCA sandbox application to boost digital presence
Co-op insurance is considering submitting an application to the FCA’s Sandbox and is aiming to make the business even more digital.
Towergate holding group renamed Ardonagh Group
The Towergate holding group company has officially been named Ardonagh Group.
Bupa data breach could have led to £440m fine under GDPR rules
Bupa’s breach of 108,000 records could have cost the company £440m under data protection rules to be introduced next year.
Bupa forced to apologise to 108,000 customers after data breach
Health insurer Bupa has been forced to inform 108,000 of its customers of a data breach after an employee “inappropriately copied and removed” sensitive information.
ABI calls for cross-party collaboration on Brexit
The Association of British Insurers has called on the government to establish a framework for cross-party cooperation over Brexit.